The managing director's report on implementing the Fund's medium-term strategy was discussed by the board 3 April and is anticipated to be released at the spring meetings. Civil society groups have been critical of the opaqueness of the process and the failure to broaden participation.
In November, the IMF's board approved the establishment of the Exogenous Shocks Facility (ESF) to…
Discussion of the CAO's internal accountability role and the difficulties it faces in light of the IFC/MIGA's disregard and criticisms from affected communities and civil society.
Bank upscales its funding for large scale hydro in Pakistan and Inda, fails to adequately assess resettlement in China, and tries to take credit for increased investment in renewable energy and energy investment merely by increasing its funding for large high risk dam projects.
The IMF's Independent Evaluation Office is undertaking a timely review of the Fund's role in determining aid resources in sub-Saharan Africa, examining the Fund's policy advice and programme design in these countries and its impact.
Comment by the Arab NGO Network for Development on the need for civil society in the region to take a more active role in monitoring the work of the IFIs.
In October, the IMF board approved the establishment of a Policy Support Instrument (PSI), a non-lending programme which will provide policy advice to poor countries and send a signal to donors and markets about the quality of a country's economic policies. Critics suspect the instrument is little more than a new way "to extend Fund domination".
Summary of a report by Friends of the Earth US, the November meeting in London on climate change and the UK parliamentary early day motion to end UK support for harmful oil subsidies.
A report by Can and Leader analyses the concession agreement for the Bank-supported Nam Theun 2 dam in Lao PDR (Update 45), between the country's government and the Nam Theun 2 Power Company Ltd (NTPC).
In October, the Operations Evaluation Department published a report summarising lessons from recent evaluations; Bank management, in unusually strong language, has expressed concerns about both the methodology OED used to reach its conclusions, and the conclusions themselves.